Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: −$2.58M (6 inflow days, 14 outflow days).
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 31.1% of shares outstanding.
Reported short interest has fallen from 15.69% to 14.52% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Main Management ETF Advisors, LLC | Mutual Fund | 2026/Q3 | +287,400 | 0.2% |
| Nuveen Asset Management LLC | Insurance Company | 2026/Q3 | +364,576 | 0.2% |
| State Street Global Advisors | Mutual Fund | 2026/Q3 | +5,778,720 | 9.5% |
| BlackRock | Mutual Fund | 2026/Q3 | +2,690,881 | 8.2% |
| Two Sigma Investments, LP | Hedge Fund | 2026/Q3 | +2,247,798 | 1.3% |
| Morgan Stanley | Public Company | 2026/Q3 | +1,350,129 | 0.8% |
| Squarepoint OPS LLC | Hedge Fund | 2026/Q3 | +1,172,369 | 0.8% |
| Voloridge Investment Management, LLC | Hedge Fund | 2026/Q3 | +867,506 | 0.5% |
| Next Century Growth Investors LLC | Mutual Fund | 2026/Q3 | +834,345 | 0.6% |
| LPL Financial LLC | Mutual Fund | 2026/Q3 | +783,398 | 0.4% |
| Russell Investment Management, LLC | Mutual Fund | 2026/Q3 | +697,514 | 0.6% |
| Millennium Management LLC | Hedge Fund | 2026/Q3 | +686,596 | 0.5% |
| Trexquant Investment LP | Hedge Fund | 2026/Q3 | +543,015 | 0.3% |
| Josh Arnold Investment Consultant, LLC | Family Office/Trust | 2026/Q3 | +450,000 | 0.3% |
| Apis Capital Advisors, LLC | Hedge Fund | 2026/Q3 | +400,000 | 0.2% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 9 Jun 2026 | Margaret Seif | Independent Director | Other Acquisition | +64,500 | – | 193,500 |
| 9 Jun 2026 | Paul Walsh | Director | Other Acquisition | +64,500 | – | 193,500 |
| 9 Jun 2026 | David Nieuwsma | Director | Other Acquisition | +64,500 | – | 258,000 |
| 9 Jun 2026 | Jill Avery | Independent Director | Other Acquisition | +64,500 | – | 223,500 |
| 5 May 2026 | Paul Baker | COO for Government & Industrial and Strategic Business Officer | Automatic Disposition | -58,939 | $4.90 | 420,025 |
| 4 May 2026 | Paul Baker | COO for Government & Industrial and Strategic Business Officer | Automatic Disposition | -1,041 | $4.90 | 478,964 |
| 27 Apr 2026 | Paul Baker | COO for Government & Industrial and Strategic Business Officer | Automatic Disposition | -116,860 | $3.95 | 480,005 |
| 16 Apr 2026 | Michael Murray | Chief Executive Officer | Automatic Disposition | -96,800 | $3.01 | 2,771,122 |
| 14 Apr 2026 | Michael Murray | Chief Executive Officer | Automatic Disposition | -63,200 | $3.01 | 2,867,922 |
| 12 Apr 2026 | Michael Murray | Chief Executive Officer | Automatic Disposition | -187,920 | $2.80 | 2,931,122 |
| 25 Mar 2026 | Michael Murray | Chief Executive Officer | Automatic Disposition | -5,413 | $2.25 | 3,119,042 |
| 24 Mar 2026 | Michael Murray | Chief Executive Officer | Automatic Disposition | -33,334 | $2.32 | 3,124,455 |
| 4 Jan 2026 | Paul Baker | COO for Government & Industrial and Strategic Business Officer | Other Acquisition | +72,000 | – | 596,865 |
| 4 Jan 2026 | Michael Murray | Chief Executive Officer | Other Acquisition | +583,658 | – | 3,157,789 |
| 4 Jan 2026 | Michael Murray | Chief Executive Officer | Other Derivative Acquisition | +724,638 | $3.21 | 1,316,004 |
| 9 Dec 2025 | Richard Sneider | Treasurer & CFO | Sale to Issuer | -20,606 | $2.66 | 610,277 |
| 9 Dec 2025 | Paul Baker | COO for Government & Industrial and Strategic Business Officer | Sale to Issuer | -19,666 | $2.66 | 524,865 |
| 9 Dec 2025 | Michael Murray | Chief Executive Officer | Sale to Issuer | -93,477 | $2.66 | 2,574,131 |
| 1 Sep 2025 | Erich Manz | Chief Financial Officer | Other Acquisition | +400,000 | – | 400,000 |
| 1 Sep 2025 | Erich Manz | Chief Financial Officer | Initial Statement of Beneficial | +0 | – | – |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 26,232,459 | 14.5% | 8.5 |
| 31 Aug 2026 | 26,528,216 | 14.7% | 7.7 |
| 14 Aug 2026 | 26,014,281 | 14.4% | 5.1 |
| 31 Jul 2026 | 27,141,585 | 15.2% | 6.4 |
| 15 Jul 2026 | 28,008,720 | 15.7% | 6.8 |
| 30 Jun 2026 | 28,035,349 | 15.7% | 3.7 |
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